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» Chronological View: " Office " «

Real I.S. acquires first office tenant for „Forum Steglitz“ in Berlin

Real I.S. AG has let 1,200 sq m in the “Forum Steglitz” to Carano Software Solutions, a company specialised in software service and sales. Upon completion of the refurbishment and repositioning measures, the Berlin-based company will move its headquarters from the Berlin Moabit district to the shopping centre in the Steglitz ...
Thursday, 21. February 2019

Cofinimmo signs a 15-year agreement for the Quartz redevelopment project

Cofinimmo signed today an agreement with the European Free Trade Association (EFTA), the EFTA Surveillance Authority (ESA) and the Financial Mechanism Office (FMO), whereby these institutions will become usufructuaries of the whole Quartz office building. The agreement will commence following delivery of the works, scheduled ...
Thursday, 21. February 2019

Scale of Dublin office demand has decoupled from size of domestic economy

The rise of internationally traded services – a consequence of shifting global consumption patterns, the internationalisation of business processes and more sophisticated accounting practices within multinationals, has led to the presence in Dublin of outward-facing corporations whose activities are decoupled from the size of...
Thursday, 21. February 2019

Scarborough submits planning for Vidrio at Sheffield Digital Campus

Scarborough International Properties has submitted an application to Sheffield City Council for detailed planning consent for Vidrio, an eight storey, 60,000 ft² office building located on Sheffield Digital Campus. The development would complete the final phase of Sheffield DC, where enabling and substructure works have alrea...
Thursday, 21. February 2019

Pbb provides €39m for Vienna office deal

Pbb Deutsche Pfandbriefbank has provided a credit facility of approximately €39m for the acquisition of a Class-A office property in Vienna to a fund managed by Inmark Asset Management on behalf of various South Korean investors and with Rock Capital as the local asset manager. Pbb acted as arranger and sole lender under the...
Thursday, 21. February 2019

Alma Property Partners acquires a unique development project in Uppsala

Alma Property Partners has acquired one of the most centrally located development properties in Uppsala. The company has bought the development property Fålhagen 3:1, commonly known as Sivia Torg, with a unique location in one of Uppsala’s most expansive areas and in close proximity to the Uppsala central train station and th...
Wednesday, 20. February 2019

CLS Holdings snaps up 9 Prescot Street in London for £53.85 million

CLS Holdings has struck another deal. The company has exchanged contracts with Derwent and LaSalle to acquire 9 Prescot Street, London E1 for £53.85 million (c. €61.8 million) excluding costs. CLS intends to finance the acquisition through existing resources and bank financing.
Wednesday, 20. February 2019

UK Investment Volumes Above Long Term Average Despite Uncertainty in 2018

Around £13bn of UK commercial real estate assets were traded in the final quarter of 2018 taking the full year investment total to £55.8bn – ahead of the long-term average, according to Cushman & Wakefield. While the full year investment total represented an 18% reduction on 2017 and the quarterly total of £12.8bn was down 43...
Tuesday, 19. February 2019

BlackRock Real Assets’ Eurozone Core Property Fund acquires asset in Helsinki

The BlackRock Eurozone Core Property Fund acquired a mixed-use retail and office asset in the central business district (CBD) of Helsinki last month. Following the acquisition of an office asset in Hamburg and a portfolio of two logistics assets near Munich and Regensburg , this third investment is consistent with the Fund’s ...
Tuesday, 19. February 2019

Godewind refinances three assets in Frankfurt, Dusseldorf and Hamburg

Godewind Immobilien AG has signed its first new €82 million loan agreement for three assets of its office real estate portfolio. The loan has a total term of five years and serves to refinance the properties ComConCenter in Frankfurt, Airport Business-Center in Dusseldorf and Pentahof in Hamburg, which were acquired at a gros...
Tuesday, 19. February 2019

The Circle on Mallorca – 70% of space let in only a few days

Only a few days after Domus Vivendi Group (Domus Vivendi) began letting activity 70% of the space has already been taken in „The Circle“, the developer’s planned office building on Mallorca. The Circle is a prestigious, 4,000 square metres ultra-modern office building in the „Son Bugadelles“ business park, near Santa Ponca, t...
Tuesday, 19. February 2019

Quadoro Doric Acquires Mixed-Use Building in Helsinki

As the portfolio manager for the open-ended special AIF Vontobel Sustainable Real Estate Europe, Quadoro Doric has acquired the building „Diana“ with apartments, offices and retail space in Helsinki. This is the AIF‘s first acquisition in Finland. The seller is the Svenska Folkskolans Vänner R.F. foundation.
Tuesday, 19. February 2019

Gieag to let 8,500 sqm in the „Kwartier“ in Karlsruhe

Gieag Immobilien AG has announced a further key letting success for its “Kwartier” development in the south of Karlsruhe. The Bundesanstalt für Immobilienaufgaben (BImA) has been acquired as a longterm tenant for the entire administration building with a total of around 8,500 square metres of usable space. The rental agreeme...
Tuesday, 19. February 2019

Blackstone and Quincap purchase Oberbaum City from HVB Immobilien

Blackstone and Quincap have acquired Oberbaum City in Berlin's Friedrichshain-Kreuzberg district from HVB Immobilien. The historic building complex on the former Osram and Narva factory site is comprised of five properties with approximately 90,000 m² of office and exhibition space as well as retail, gastronomy and storage sp...
Monday, 18. February 2019

BlackRock Fund strikes in Hamburg, Munich and Regensburg

As previously announced, BlackRock has made its first German acquisitions for its Eurozone Core Property Fund. The asset manager purchased the Hamburg „Hanseatrium“ office property and two logistics properties in Munich and Regensburg. According to Black Rock, the transactions fit in with the fund's multi-strategy approach, w...
Monday, 18. February 2019